A new bill proposes to abolish retentions altogether in construction contracts in England and Wales Another private member’s bill aimed at reforming payment practice in construction has more ambitious aims than its predecessors, write Olivia Jenkins and Rachel Storey The Construction (Retentions Abolition) Bill 2021-22 (the retentions abolition bill) is the latest in a string […]
Continue Reading
China had to clear US bombs from Vietnam War for half a year before constructing China-Laos Railway On 3rd December 2021, the China-Laos railway opened to traffic, connecting Kunming in southwest China’s Yunnan province with Lao capital Vientiane. The railway is a landmark project of China’s Belt and Road Initiative. In addition to the extreme […]
Continue Reading
Thai property developer Sansiri eyes Baht150bn projects Residential launches will start this year SET-listed developer Sansiri Plc will spend 20 billion baht to launch new residential projects worth a combined 150 billion baht, with a presales target of 120 billion baht during 2022-24. President and chief executive Srettha Thavisin said one-third, or about 50 billion […]
Continue Reading
Thai government pushes ahead with international tourist tax, 300 baht per visitor begins in April 2022 The Thai government is pushing ahead with a controversial proposal to collect a 300 baht tourism fee from all international visitors arriving in Thailand, a government official said Wednesday. The contentious proposal to go ahead with the scheme was […]
Continue Reading
Malaysia’s Genetec Technology inks MoU for proposed partnership with Thailand-based Asia Precision in energy storage system business in Thailand Genetec Technology Bhd has inked a memorandum of understanding (MoU) with Thailand-based Asia Precision Public Company Ltd (APCS) to study the feasibility of jointly developing factory automation for energy storage system business in Thailand. APCS is […]
Continue Reading
ITD-NWR Joint Venture signs contract for Track Doubling Project with State Railway of Thailand, Den Chai-Chiang Rai-Chiang Khong C1 (Den Chai-Ngao Section) The ITD-NWR Joint Venture has signed a contract for the Track Doubling Project, Den Chai-Chiang Rai-Chiang Khong C1 (Den Chai-Ngao Section) with State Railway of Thailand. Signing for the ITD-NWR Joint Venture were […]
Continue Reading
Thai developer Lalin Property plans 10-12 new projects worth a combined 8 billion baht Despite an expected recovery in the property market, SET-listed developer Lalin Property Plc will cautiously move forward this year by planning 10-12 new projects worth a combined 8 billion baht, aiming for growth of 10%. Chairman Chaiyan Chakarakul said the slow […]
Continue Reading
Laos to open new international airport in northern Bokeo province in March 2022 Construction of a new international airport in northern Laos’ Bokeo province is nearing completion and the airport is scheduled to be opened for use by March 2022. Lao National Radio on Wednesday quoting Deputy Governor of Bokeo province Khamphaya Phompanya reported that […]
Continue Reading
Italian-Thai signs EPC Contract for Infrastructure Design and Construction of the Map Ta Phut Industrial Port Development, Phase 3 (Stage1) Mr. Thoranis Karnasuta, ITD’s Acting Company President signed the EPC Contract for the Infrastructure Design and Construction of the Map Ta Phut Industrial Port Development, Phase 3 (Stage1) together with Gulf MTP LNG Terminal Co., […]
Continue Reading
Cambodia’s construction material imports build up as projects spring back up Cambodia imported $1.43 billion worth of building materials in the first 10 months of 2021, an uptick of about 21 per cent from $1.18 billion in the same period a year earlier, despite Covid slowdown in the construction sector. Cement imports, however, fell 33 […]
Continue Reading